Boxlight - BOXL Stock Forecast, Price & News

Boxlight Corporation develops, sells, and services interactive classroom technology products and solutions for the K-12 education market worldwide. The company provides interactive and non-interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems under the Mimio and Clevertouch brands. It also offers MimioStudio Interactive Instructional software that enables the creation, editing, and presentation of interactive instructional lessons and activities; MimioMobile, a software accessory for MimioStudio; Oktopus Instructional and Whiteboarding software that enables the creation, editing, and presentation of interactive instructional lessons and activities; Notes+, a software accessory for use with Oktopus software; and GameZones and MimioInteract, which are multi-student interactive gaming software. In addition, the company provides MimioClarity, a classroom audio solution; Mimio MyBot system that bridges the gap between learning about robotics in the classroom and the application of robotics; Robo3D printers; MyStemKits, which offers standards-driven lesson plans for grades K-12 math and science teachers; MimioView document camera; MimioVote, a student assessment system; and MimioPad, a wireless pen tablet, as well as peripherals and accessories, such as amplified speaker systems, mobile carts, installation accessories, and wall-mount accessories for interactive and standard projectors, and LED flat panels. Further, it offers classroom training, professional development, and educator certification services. The company was formerly known as Logical Choice Corporation. Boxlight Corporation was founded in 1985 and is headquartered in Lawrenceville, Georgia.

Boxlight Stock Performance

Shares of NASDAQ:BOXL remained flat at $0.75 during midday trading on Monday. The stock had a trading volume of 6,615 shares, compared to its average volume of 546,871. Boxlight has a 52 week low of $0.48 and a 52 week high of $2.72. The company has a current ratio of 1.99, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $49.29 million, a P/E ratio of -4.41 and a beta of 2.99. The firm has a 50-day moving average price of $0.67 and a two-hundred day moving average price of $0.94.

Boxlight (NASDAQ:BOXL - Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). Boxlight had a negative return on equity of 26.62% and a negative net margin of 5.39%. The company had revenue of $50.60 million during the quarter, compared to analyst estimates of $44.00 million. Equities analysts expect that Boxlight will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on BOXL. HC Wainwright decreased their price target on Boxlight from $4.00 to $3.00 and set a "buy" rating on the stock in a research report on Tuesday, May 17th. Maxim Group reiterated a "buy" rating and set a $3.00 price target on shares of Boxlight in a research report on Friday.

Insider Transactions at Boxlight

In other Boxlight news, CTO Shaun Marklew sold 39,750 shares of the company's stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $0.93, for a total value of $36,967.50. Following the completion of the sale, the chief technology officer now owns 225,000 shares of the company's stock, valued at $209,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Boxlight news, Director James Mark Elliott sold 85,551 shares of the company's stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $0.82, for a total value of $70,151.82. Following the completion of the sale, the director now owns 284,851 shares of the company's stock, valued at $233,577.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Shaun Marklew sold 39,750 shares of the company's stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $0.93, for a total value of $36,967.50. Following the completion of the sale, the chief technology officer now directly owns 225,000 shares of the company's stock, valued at approximately $209,250. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,993 shares of company stock valued at $126,518. 5.94% of the stock is owned by corporate insiders.